Dividends And Capital Gains Worksheet. The capital gain tax computation seemingly should be easy, but often it is not. Both capital gains and dividend payments are income that must be declared.
Qualified Dividends and Capital Gain Tax Worksheet. However, long term capital gains distributions from a mutual fund are capital gains. This page will link you to a variety of long division worksheets and activities.
The capital gains tax rates in the tables above apply to most assets, but there are some noteworthy exceptions.
You fill that out after filling out Schedule D to figure your taxes (before deductions).
The worksheet finally asks to transfer the lower of the tax amounts between the tax with qualified dividends and the tax without qualified dividends. However, long term capital gains distributions from a mutual fund are capital gains. Both capital gains and dividend payments are income that must be declared.